Apple lands most profitable quarter of 2021



Apple lands most profitable quarter of 2021

Revenue up 21 percent and EPS up 35 percent to new all-time records.

Apple reported its largest-ever quarter when measured by revenue with $111.4 billion in Q4 revenue.

This is impressive! Apple Inc cornered nearly a quarter of the global smartphone market in the fourth quarter, making it the world’s biggest seller. I still remember the discussions of not too long ago when many pundits questioned Apple’s iPhone strategy and future potential. Well... I guess here’s the answer!

Mr. Andreas von der Heydt, Vice President Merchandising at Chewy says via LinkedIn.

Apple today announced that it now has more than 1 billion active iPhones worldwide, up from 900 million in 2019, and 1.65 billion total active devices.

Apple reported its highest-ever net profit in the holiday quarter as revenues swelled way beyond forecasts to $111.4bn on the back of a 57 per cent rise(!) in sales in Greater China.

Mr. Patrick McGee, San Francisco Correspondent at Financial Times.

Welcome to the super cycle: Apple just had the best quarter in the history of the smartphone.

CNBC

Source:

https://www.linkedin.com/news/story/apple-lands-most-profitable-quarter-4310209/

https://www.ft.com/content/3920a716-2f55-484c-9741-75f9798918cf

https://www.cnbc.com/2021/01/27/apple-q1-2021-best-quarter-in-the-history-of-the-smartphone.html

https://www.apple.com/ae/newsroom/2021/01/apple-reports-first-quarter-results/

Keywords:

Apple, Profit, Linkedin, Financial Times, CNBC, 2021

Posted in News on Jan 30, 2021



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